Schroder's BRIC fund

Schroder's BRIC is all about emerging markets. BRIC stands for Brazil, Russia, India and China. All 4 markets are considered at a very fast pace and the potential is great.

I bought BRIC a little while after its inception early last year. To be more exact, I bought it in late Apr 06. It is now a little more than one year and with its present return of 21%, I am more than satisfied. It's a pity that this investment was not with my money. Anyway, I have sold all my BRIC units.

I again bought BRIC using my CPF in late Jan 07. My rational then was to get as much returns as possible in a very short term (2-3 months), hopefully before the expected correction. Unfortunately, the correction came before I could realised the profits. When the correction came, my returns was about 4% and after the correction, it was minus 10%. The fund basically lost about 14% within that 1-2weeks. Luckily, it quickly rebounded within the last 2 months. Though it has yet to reach its peak(before the correction), it has given me 3+% within the last 3+ months. Though it might not look much, for one, if you compare to the CPF interest, 3+% is definitely better than 2.5%. Furthermore, this 3+% was achieved within 3+ months. Annualised it and you will get 10+% pa.

For now, I am clearing all China related funds, as i still strongly believe China will trigger the coming correction.

I am thinking of exiting from my Henderson Asia Pacific Property fund, but as it gave dividends on the 15 Nov 06, I am thinking of holding on for a few more days to see if they give another round of dividends on 15 May 07.